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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US TSYS
- Cash Tsys have cheapened through the European session ahead of the BoE decision with a 50bp hike eyed to leave a modest bear flattening on the day after the huge ranges over the past two days, pushing 2s10s to new post-2000 flats of -36bps.
- 2Y yields currently sit in the middle of yesterday’s 19bp range yesterday, comfortably off the high of 3.198%, a range that extends almost to 40bps had a 19bp range yesterday, extending to 38bps over the past two days with Tuesday’s low of 2.815%.
- 2YY +3.5bps at 3.100%, 5YY +2.9bps at 2.855%, 10YY +2.5bps at 2.730% and 30YY +2.5bps at 2.970%.
- TYU2 trades 3+ ticks higher at 120-06+ with bullish short-term technical trend conditions and below average volumes. Key support is seen at the 50-day EMA of 119-03 whilst resistance is eyed at 122-02 (Aug 2 high).
- Fedspeak: Cleveland Fed Mester economic outlook, no text, Q&A (1200ET)
- Data: Limited docket with challenger job cuts, weekly jobless claims and international trade.
- Bill issuance: US Tsy $55B 4W, $50B 8W bill auctions (1130ET)
UST 2s10s (green) showing mid price and not ask as in textSource: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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